Billionaire Profile

Global Rank

#1061

Image: Public domain | via Wikimedia Commons

Ray Davis

CEO, Kinder Morgan, Inc.

Real-Time Net Worth

$3.7B

As of December 2025

Age

Source

Pipelines

Industry

energy

Citizenship

Biography

Ray Davis, born on October 15, 1941, is an 83-year-old American businessman, primarily known for his significant contributions to the energy sector and his role as co-owner and co-chairman of the Texas Rangers MLB team. His career spans over four decades in the energy industry, culminating in his retirement as CEO of Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) in 2007. Davis's wealth source is primarily attributed to his involvement in Pipelines. His leadership in the Texas Rangers organization led the team to a World Series victory in 2023. With a current net worth of $3.7 billion, Davis's achievements in both business and sports are notable. He is known for his private nature and has declined media interviews, preferring to stay out of the public eye.

Wealth Over Time

Portfolio Holdings

Kinder Morgan, Inc.

In-Depth Profile

Early Life

Ray C. Davis was born on October 15, 1941. Information about his early life and childhood is not publicly available. He is known for his reserved and private nature, preferring to stay out of the limelight.

Rise to Success

Davis's career is primarily in the energy sector, where he worked for forty years. He retired as the CEO of ETP and ETE in 2007, after building them into successful energy companies. He remained with the company as a director and operates Avatar Investments LP, a Dallas-based investment firm. In 1995, Davis co-founded natural gas distributor and pipeline company Energy Transfer with Kelcy Warren. He made his first appearance on the Forbes 400 list in 2008 with a net worth of $1 billion. His wealth peaked at $1.9 billion in 2013.

Key Business Strategies

Davis's key business strategy involved building successful energy companies and investing in the Texas Rangers baseball team. Davis and a group of investors bought the Texas Rangers baseball team in 2010.

Philanthropy

While specific amounts are not readily available in the search results, Davis's involvement in the Texas Rangers organization indicates his commitment to supporting sports and community initiatives. The Kinder Morgan Foundation donates more than $1.5 million to academic and arts programs annually to benefit youth in grades K-12.

Career Milestones

2007

Retired as CEO of ETP and ETE

Retired after a 40-year career in the energy sector, while remaining a director

2008

Made Forbes 400 List

Appeared on the Forbes 400 list for the first time with a net worth of $1 billion

2010

Co-owner of Texas Rangers

Joined a group to purchase the Texas Rangers baseball team.

2023

World Series Victory

Texas Rangers won the World Series.

Philanthropy & Social Impact

Education and Arts

Kinder Morgan Foundation

$1.5M+

Donations to academic and arts programs for youth in grades K-12.

Business Philosophy & Leadership

Notable Quotes

"I love the passion that both Jerry and Mark bring to the game,”"

"I think you can do that in different ways. They do it more visually, with more exposure than I'd prefer"